Compare 2018 politics odds in the betting tables below including next Conservative and Labour leader betting. Claim the best bookmakers’ free bets.
Next Conservative Party Leader Betting
To Be Next Tory Leader Odds; click best odds bold.
Next Labour Leader Betting
To Be Next Labour Leader Odds; click best odds bold.
Evasive Tories or Spendthrift Labour? General Election Odds May Be Wrong
The Conservatives started a very short price to win an overall majority in the General Election odds, writes Ross. Largely due to their abysmal campaign they have been drifting in the betting and certainly do not look a good favourite.
Conversely Jeremy Corbyn’s Labour were given little chance with mass losses expected, but it seems the ultra left wing Corbyn has found some appeal among voters.
Theresa May could prove a victim of her arrogance and self confidence. She thought this was an opportunity to gain a huge majority, and despite current odds, she may regret the decision to call this election so early. The Tories, once the party of low taxation, have drifted to the left to fill the void by Corbyn’s move even further left. It does not play well with true blue voters. May is prepared to raise taxation if she wins. What happened to the party of low taxation?
There is also confusion regarding Conservative policy. Social care costs are a big issue. Anyone with dementia is opted out of the NHS system unless they have no money, no savings and no home. David Cameron’s plan was to cap social care costs at £72k. Theresa May back-tracked on that policy plan, wanting those with dementia to use up all their savings and the value of their home before the government looks to pay anything. It does beg the question, what did those people pay their taxes for? It seems strange one disease, dementia in all its forms, is exempt from the NHS system unless you have nothing. What next, will cancer be opted out too?
The backlash to the removal of any cap was so strong that the Conservative leader had to do a U-turn and state there would be a cap. However in a show of extreme arrogance she has not stated what that cap will be and also lied by denying her change in policy. Could the cap be 72k? Or could it be high at, say, 500k? The latter would be a level where it is effectively no cap at all.
While the furore over the ‘dementia tax’ has died down, this is an issue that is close to many people’s hearts. In a high-tax regime like the UK, for the government to wash its hands of any financial responsibility is understandably unpopular – particularly with the wealthier and / or older voter. Theresa May is certainly trying to bite the hands that feed her votes. It is little surprise the General Election betting has altered so markedly. The suspicion is that in similar vein to the EU Referendum odds, the bookies prices have not actually adjusted enough to reflect the reality of the situation. We could now be staring at hung parliament territory, if not the unthinkable – a Corbyn majority.
The General Election odds still suggest a Labour victory is extremely unlikely, almost impossible. However the bookmakers’ markets have been useless as a guide in recent UK elections. The last election and the Brexit vote were both completely wrong.
The left wing has always made the most noise in British politics, while Tory voters keep quiet and do their talking in the ballot box. So it is no surprise that Corbyn seems to have greater popular support than may have been anticipated. His platform has been based on a series of unrealistic spending promises, with no idea where the money will come from. He has stated he will tax the rich, and certainly if Corbyn could get his way the UK would be in for 90% taxation at the highest level. However, even if he won a Labour majority, the infighting within his own party would be intense, such is the broad spectrum of opinion. Labour is a broad church with Blairites on the right through to the Corbynites on the extreme left.
In that eventuality it might be time for anyone who, after paying their tax, can still afford a one-way ticket out of the UK to get on the first flight. However anyone in a low paid job can expect the giveaways to start, the economy to collapse and unemployment to rocket.
In a sense these are the two broad approaches for the British electorate to weigh up: An arrogant opportunistic Tory leader who looks to tax those with wealth who are unfortunate enough to contract Alzheimer’s Disease or the most left-wing leader Britain will ever have seen, who will destroy the economy. Neither are particularly appealing to right-minded people in the middle ground.
However the General Election odds play out this week, our feeling here at JustBookies is that Theresa May will be looking at a vastly reduced percentage of the vote compared to expectations when she launched this very shoddy Conservative campaign. She had appeared to possess some real quality, but now we know that was a mirage.
This is going to be a very interesting vote to watch unfold. Just as we write this, the Tories look abysmal value at 1/10 for an overall majority. All other parties such as UKIP, the SNP and the Liberal Democrats are irrelevant in themselves. They make a lot of noise, despite having either no real purpose or substance. However despite their ‘bit part’ credentials, they could be shaping the future of this country if we get into hung parliament territory. If that happens then arrogant and complacent Theresa May will have missed an open goal.
As for our betting tip, our fancy looking at the General Election odds in the comparison tables above would be for a hung parliament (ie: ‘No Overall Majority’), but heaven help us all if we do collect from the bookies on that wager.